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Insurance report's author's testimony raises more concerns for House panel • Florida Phoenix

Summary by Florida Phoenix
The coastline in Steinhatchee remains covered in debris on Oct. 3, 2024, following Hurricane Helene. (Photo by Jay Waagmeester/Florida Phoenix)Testimony from the author of the 2022 report detailing how Florida property insurers gave millions to shareholders and billions to out-of-state affiliates while claiming financial ruin left some lawmakers on a House panel Thursday feeling like insurance regulators had lied to them. The report at issue has…

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Florida PhoenixFlorida Phoenix
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Insurance report's author's testimony raises more concerns for House panel • Florida Phoenix

The coastline in Steinhatchee remains covered in debris on Oct. 3, 2024, following Hurricane Helene. (Photo by Jay Waagmeester/Florida Phoenix)Testimony from the author of the 2022 report detailing how Florida property insurers gave millions to shareholders and billions to out-of-state affiliates while claiming financial ruin left some lawmakers on a House panel Thursday feeling like insurance regulators had lied to them. The report at issue has…

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Massachusetts Lawyers WeeklyMassachusetts Lawyers Weekly

Jurisdiction – Venue – Transfer

Where plaintiffs who own a vacation home in Florida have brought suit against a defendant insurance broker, the defendant’s request for a transfer of venue to the Middle District of Florida should be granted based on the six factors set forth in First State Ins. Co. v. XTRA Corp., 583 F. Supp. 3d 313, 318 (D. Mass. 2022).

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Property Insurance Coverage Law BlogProperty Insurance Coverage Law Blog

Buried Insurer Affiliate Profit Report | Property Insurance Coverage Law Blog

Yesterday’s testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story that’s been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance industry — and simply chose to … The post Florida’s Insurance Regulator Buried a Completed Repo…

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South Florida ReporterSouth Florida Reporter

Florida Insurance Report’s Author’s Testimony Raises More Concerns For House Panel

BY: JACKIE LLANOS Testimony from the author of the 2022 report detailing how Florida property insurers gave millions to shareholders and billions to out-of-state affiliates while claiming financial ruin left some lawmakers on a House panel Thursday feeling like insurance regulators had lied to them. The report at issue has prompted legislators to seek greater oversight over the flow of money from insurers to affiliates. House members have also q…

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Florida Phoenix broke the news in on Thursday, April 3, 2025.
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